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Canal de Isabel II to Borrow €450 Million, Raise Water Rates Amid Dividend Controversy
Madrid's Canal de Isabel II will borrow €450 million and raise water rates by 3% annually from 2026 to cover a €500 million debt and fund €2 billion in infrastructure projects, despite distributing €1.5 billion in dividends since 2012, sparking opposition criticism.
Canal de Isabel II to Borrow €450 Million, Raise Water Rates Amid Dividend Controversy
Madrid's Canal de Isabel II will borrow €450 million and raise water rates by 3% annually from 2026 to cover a €500 million debt and fund €2 billion in infrastructure projects, despite distributing €1.5 billion in dividends since 2012, sparking opposition criticism.
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